A Down town with out Banks?

Chase bought WaMu and Citi bought Wachovia. Consolidation of branches is expected and as such, we are likely to see a couple less bank branches downtown. With the possibility of more bank acquisitions and failures, this could continue.

so those of you who said we have too many banks get your wish. NOW..how about some ‘input’ from the chamber of commerce as to what will increase the necessary foot traffic to benefit the other stores..rather than their incessant whining ‘after the fact’. there is now an opportunity to reshape the retail map in town so dont miss that chance now… perhaps some suggestions could be proposed via this blog… maybe some of our residents who are commercial realtors can advise what attracts that foot traffic..and is a ‘best fit’ for town. I am sure those landlords have long term leases with the banks..that could be re-negotiated as a sublease so that a new tenant beneficial to the community would have a rental advantage while starting a business.

Banks are always the best tenants from a landlord’s perspective as they pay their rent on time and honor their leases. Even if a bank goes bust, the aquiring bank will honor the existing lease.

Now don’t expect an influx on non-bank business. If anyone has been paying attention lately, there’s quite a growing number of empty places. If this bank bailout plan doesn’t go through, we are in for a lot worse than what we see now.